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885 E Apple Ave
Muskegon, MI 49442
BaM Body and Mind · Retail Property For Sale
Investment Highlights
- Corporate Guarantee – Opportunity to own a corporately backed asset with annual rental increases
- Attractive rental increases (2% Annually) provide investors with a hedge against inflation.
- Tenant is in the process of building a cultivation and production facility – showing their commitment to its expansion in Michigan.
- Publicly Traded Tenant – Body and Mind Inc. is publicly listed on (OTCQB: BMMJ) (CSE: BAMM)
- Property was recently renovated in 2021 reflecting strong commitment to the location.
- Michigan just broke a cannabis sales record in April 2022 - $195 Million ($168M from Recreational Sales)
Property Facts
Property Type
Retail
Property Subtype
Bank
Building Size
2,500 SF
Year Built
1943
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
0.50 AC
Zoning
B-2
Parking
25 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
98’ on Apple Ave
Amenities
- Pylon Sign
- Signage
- Drive Thru
Property Taxes
| Parcel Number | 24-250-000-0039-00 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $232,000 |
Property Taxes
Parcel Number
24-250-000-0039-00
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$232,000
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